Last month, the Federal Trade Commission was said to be investigating claims that Google was illegally bypassing privacy settings in Safari. The Mountain View company was caught using a loophole in the browser to allow it to track users’ online activities without their consent.

If confirmed, the FTC was expected to slap Google with a hefty fine. And it certainly looks like that will hold true, as Bloomberg is out with a new report claiming that the Trade Commission is about to slap the company with reparations worth millions of dollars…

“Google Inc. (GOOG) is negotiating with the U.S. Federal Trade Commission over how big a fine it will have to pay for its breach of Apple Inc. (AAPL)’s Safari Internet browser, a person familiar with the matter said.

The fine could amount to more than $10 million dollars, said the person, who declined to be identified because the talks are confidential. The fine would be the first by the FTC for a violation of Internet privacy as the agency steps up enforcement of consumers’ online rights. “

Google’s Safari circumvention was first discovered by Jonathan Mayer, a Stanford research, who published his findings on his blog back on February 16.